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Portfolio health, capital trade-offs, and cross-module signals across all six funds. Portfolio operations as of Jul 17, 2026. Every figure links into its owning module — start with what needs attention, or ask a cross-module question.
Properties
125
56 sites · 69 buildingsGross floor area
15.7M SF
6 accounting fundsOccupancy
98.7%
value-weightedAnnual rental revenue
$251M
FY2025 auditedLeases receivable (PV)
$2.18B
$9.27B undiscountedObligations ≤ 120d
162
Overdue critical dates
20
Portfolio FCI
0.080
Fair bandDeferred maintenance
$676M
Tenant arrears
$88.4M
$47.0M allowanceSource:NYCEDC FY2025 audited financial statements·NYC Open Data — City Owned & Leased Properties (fn4k-qyk2)·WFMMS-style marine + building inspections (synthetic-but-anchored)· occupancy value-weighted; rentals, lease receivable & allowance from FY2025 audited financials· as of Jul 17, 2026
Kings County Precision Works — BAT Building B
Kings County Precision Works · Contract LSE-2014-00001 · notice window not less than 12 nor more than 18 months prior to expiration
Miss the window and the option lapses silently — the near-miss this calendar exists to prevent (Notice / Exercise / Expiration modeled separately).
The six accounting funds against occupancy, condition, leases, obligation risk, and arrears
| Portfolio | Properties | Occupancy | FCI | Backlog | Leases | Exp ≤ 12mo | Oblig. risk | Arrears |
|---|---|---|---|---|---|---|---|---|
| Maritime | 19 | 99.2% | 0.117Poor | $418M | 11 | 0 | 21 | $31,642,954 |
| 42nd Street Development Project | 5 | 97.8% | 0.055Fair | $108M |
Annual rent by time-to-expiration · 100 active leases · 12 expiring within 12 months
0–90 days
4 leases
131,668 SF
91–180 days
5 leases
192,021 SF
181–365 days
3 leases
264,055 SF
1–3 years
14 leases
483,901 SF
3+ years
74 leases
12.8M SF
Source:ABO Real Property Transactions (EDC leases) (ajgp-mddq)· lease terms synthetic-but-anchored to real EDC transactions· as of Jun 30, 2026
FCI = deferred-maintenance backlog ÷ current replacement value · lower is better
Source:WFMMS-style marine + building inspections (synthetic-but-anchored)· FCI = deferred-maintenance backlog ÷ CRV, per facility rolled to portfolio· as of Jun 30, 2026
$88.4M across the top eight balances · aged into GLOSSARY buckets · $47.0M portfolio allowance for uncollectible amounts
| Tenant | Portfolio | Current | 1–30d | 31–60d | 61–90d | 90+ d | Total |
|---|---|---|---|---|---|---|---|
| Solstice Media Group | 42nd Street Development Project | $2,658,743 | $2,658,743 | $2,658,743 | $2,658,743 | $22,785,431 | $33,420,405 |
| Times Square Holdings | 42nd Street Development Project | $1,605,877 | $1,605,877 |
System-wide monthly ridership · 7,182,037 riders trailing 12 months · $8.33 subsidy per rider
Source:ABO Real Property Transactions (EDC leases) (ajgp-mddq)·WFMMS-style marine + building inspections (synthetic-but-anchored)· obligations, renewals, COIs & inspections derived from published contracts
| 4 |
| 0 |
| 5 |
| $56,806,347 |
| Brooklyn Army Terminal | 6 | 98.6% | 0.047Good | $55.0M | 16 | 1 | 49 | — |
| Other Properties | 17 | 99.3% | 0.047Good | $47.8M | 5 | 1 | 9 | — |
| Commercial Leases | 22 | 98.0% | 0.056Fair | $33.9M | 64 | 10 | 119 | — |
| NYC Ferry | 56 | 100.0% | 0.088Fair | $13.8M | 0 | 0 | 0 | — |
Source:NYCEDC FY2025 audited financial statements·NYC Open Data — City Owned & Leased Properties (fn4k-qyk2)·WFMMS-style marine + building inspections (synthetic-but-anchored)· fund roll-ups from FY2025 combining statement + registry + inspections· as of Jun 30, 2026
| $867,173 |
| $1,124,114 |
| $6,343,213 |
| $11,546,254 |
| Metro Offshore Wind Services | Maritime | $1,041,932 | $804,530 | $1,318,901 | $778,152 | $5,354,738 | $9,298,252 |
| Empire Wind Operations LLC | Maritime | $3,199,682 | $2,559,746 | $3,199,682 | — | — | $8,959,110 |
| Meridian Financial Partners | 42nd Street Development Project | $2,088,215 | $2,088,215 | $2,088,215 | $939,697 | — | $7,204,341 |
| Global Marine Terminals | Maritime | $1,058,436 | $1,058,436 | $1,058,436 | $1,058,436 | $2,656,675 | $6,890,421 |
| Harbor Tug & Barge Co. | Maritime | $1,082,529 | $1,082,529 | $1,082,529 | $1,082,529 | $2,165,057 | $6,495,172 |
| Broadway Resources LLC | 42nd Street Development Project | $1,005,498 | $613,354 | $1,005,498 | $1,005,498 | $1,005,498 | $4,635,347 |
| Top-8 total | $13,740,912 | $12,471,429 | $13,279,178 | $8,647,169 | $40,310,613 | $88,449,301 |
Source:NYCEDC FY2025 audited financial statements·ABO Real Property Transactions (EDC leases) (ajgp-mddq)· AR invoices synthetic-but-anchored to audited $47.0M allowance· as of Jul 17, 2026
Source:NYC Ferry Monthly Ridership (t5n6-gx8c)· system-wide + per-landing monthly ridership · latest month in feed 2026-05